The Saint Lucia Citizenship by Investment Program was commenced in 2015 based on the Citizenship by Investment Act No. 14 of 2015. Regulations were further framed under the Act in the form of the Citizenship by Investment Regulations, 2015 to provide the effect to the Act and set the detailed criteria and rules for the program. Overall, the entire program is overseen by the Citizenship by Investment Board which has established under the Act.
In May 2020, St Lucia issued a new interest-free government bond, the Covid-19 Relief Bonds. Buying these bonds is half the cost, with a minimum transaction amount of $250,000 instead of $500,000. One of the many St. Lucia citizenship program benefits is that it is one of the cheapest ways to obtain a second passport with investments.
The investor makes a non-refundable contribution to a government fund, buys government bonds or participates in an infrastructure project. The investor can also open a business in an area of strategic importance to the state’s economy.